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Oracle buys MICROS Systems

Oracle announced Monday that it will acquire Micros Systems for $5.3 billion, or $4.6 billion net of cash. Billionaire Larry Ellison’s technology giant will pay $68 per share for Micros, which builds technology for the hospitality and retail industries.

 

Larry Allison
Larry Allison, Oracle CEO

On June 23, 2014, Oracle announced that it has entered into an agreement to acquire MICROS Systems, Inc., a provider of integrated software and hardware solutions to the Hospitality and Retail industries. The proposed transaction is expected to close in the second half of 2014. Until the transaction closes, Oracle and MICROS will continue to operate independently and it is business as usual.

Source: Forbes

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